Marshall Wace LLP Acquires 16,213 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Marshall Wace LLP increased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,386 shares of the company's stock after buying an additional 16,213 shares during the quarter. Marshall Wace LLP owned 0.50% of Sturm, Ruger & Company, Inc. worth $2,949,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RGR. Jones Financial Companies Lllp grew its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after acquiring an additional 495 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $245,000. Virtu Financial LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth about $260,000. Inceptionr LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $321,000. Finally, Quantbot Technologies LP lifted its stake in shares of Sturm, Ruger & Company, Inc. by 43.2% during the 4th quarter. Quantbot Technologies LP now owns 11,066 shares of the company's stock valued at $391,000 after buying an additional 3,339 shares in the last quarter. Institutional investors own 64.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 24th.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

RGR traded up $0.04 during trading on Friday, reaching $34.24. 105,480 shares of the company were exchanged, compared to its average volume of 146,136. Sturm, Ruger & Company, Inc. has a 12-month low of $33.80 and a 12-month high of $47.27. The company's 50-day moving average is $39.33 and its two-hundred day moving average is $38.05. The company has a market cap of $566.76 million, a price-to-earnings ratio of 19.34 and a beta of 0.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $135.74 million for the quarter, compared to the consensus estimate of $148.05 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.'s payout ratio is 54.24%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.